in Houston, Texas
Gov. Rick Perry hits the million-dollar milepost
Tuesday, Aug 11, 2009, 03:19PM CST
By Trent Seibert
The Texas legislative session may be over, but Associated Press capitol scribe Jay Root is still on the case.

This time, he examined Gov. Rick Perry's tax return and found the guv had surpassed the million-dollar mark in annual income for the first time. Root asked for, and received, Perry's tax return from the Perry re-election campaign.

Check out the story here in the Fort Worth Star-Telegram. One key part of the story that got our attention: Perry has no problem doing personal business with folks he does legislative business with too.
The .68-acre lakefront tract cost Perry $314,770 in 2001, records show. He bought it from his friend Troy Fraser, a Republican state senator who owns a nearby tract in Horseshoe Bay, a lake resort town near Marble Falls in Central Texas. Perry sold the property in March 2007 for $1.14 million - a gain of $823,766 - his tax records show.

"The governor had a piece of property, and he sold it," said Perry spokesman Mark Miner. "The transaction was public and well-documented." Miner said the purchase from Fraser was "completely arm's length."

Fraser said he bought two tracts of land along the lake with the intention of selling Perry one of them. He said the governor had wanted to build a house there but got an offer in 2007 he couldn't refuse.

"I think somebody offered him a lot of money," Fraser said. "He sold it right at the top of the market."

By the way, Root also asked for Sen. Kay Bailey Hutchison's returns. A campaign spokesman said that she plans to release them, but did not say exactly when that might be.
Comments
KBH is a RINO
Wednesday, 08/12/2009 - 12:20AM

When will KBH release her taxes? Rick Perry's staff should ask that every day of the week until she releases her returns.

runswithbeer
Sunday, 07/25/2010 - 05:56PM

Seems there are several beautiful waterfront homes for sale on the Peninsula in Horseshoe bay for under $750,000. Makes one wonder why buy a lot for 1.14 Million. I'd have sold out in a heartbeat too. But I AIN'T THE GOVERNOR OF TEXAS.

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